Merchants Bancorp’s Chairman and CEO, Michael F. Petrie, sold 21,759 Series C Depositary Shares totaling $439,531 in early February 2026. These sales occurred while the stock was near its 52-week high and followed strong performance, including a 47.44% return over the last six months. The company also announced a $100 million stock repurchase program to enhance shareholder value.
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Merchants Bancorp chairman and CEO sells $439k in shares By Investing.com
Merchants Bancorp’s Chairman and CEO, Michael F. Petrie, sold 21,759 Series C Depositary Shares totaling $439,531 in early February 2026. These sales occurred while the stock was near its 52-week high and followed strong performance, including a 47.44% return over the last six months. The company also announced a $100 million stock repurchase program to enhance shareholder value.